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Unformatted text preview: feet of interior wall space. Nyman received a $1 per gallon discount, and a total of $984 was expended for paint. Nyman paid $1,107 for direct labor. The painters took exactly 61.5 hours to paint the residence. (a) Calculate variances for direct material and direct labor. (b) Prepare journal entries to record the acquisition and utilization of materials and labor (variances are recorded into the accounts)....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11